First-time employees in the formal sector will receive a direct benefit transfer equivalent to one month’s wage, up to ₹15,000, in three installments.
View More BUDGET 2024| Nirmala Sithraman’s 5 schemes: 1 Cr interns in 500 companies; 30k for 2 yrs; 20L youth in 5 yrs
This adjustment is set to save salaried employees an additional ₹17,500 annually in income tax.
View More Union Budget 2024: minor tweaks for middle class, major relief elusive
The Economic Survey 2023-24 tabled in the Parliament by Finance Minister Nirmala Sitharaman anticipates a 2 to 2.5 times increase in energy needs by 2047 to support economic growth. The report also highlighted that India faces challenges in balancing energy transition with other developmental priorities
View More Economic Survey 2023-24: Renewable energy, sustainable development in focus
Retail inflation, after averaging 6.7% in FY23, declined to 5.4% in FY24, thanks to effective administrative and monetary policy responses. Food inflation rose from 6.6% in FY23 to 7.5% in FY24
View More Economic Survey 2023-24: Core inflation at 9-year low; Food inflation increased
Highlighting the sector’s potential for growth and self-reliance, Basu emphasized, “We need an ecosystem that nurtures innovation and quality standards in Ayurveda.”
View More Budget 2024: Dr Basu advocates for AI-integrated healthcare
THIRUVANANTHAPURAM: In a significant departure from its traditional socialist approach, the CPI(M)-led communist government of Kerala, under the stewardship of Finance Minister KN Balagopal, has revealed…
View More Kerala Budget 2024: FM plans Rs 3 lakh crore private investments
Niranjan Hiranandani, Founder of Hiranandani Group and Chairman of National Naredco, commended the budget for its integrated and equitable growth approach, emphasising social reforms, economic value chain enhancement, and support for sunrise sectors.
View More Budget has 11% increase in infrastructure outlay, will boost market: Hiranandani
NEW DELHI: On Thursday, Finance Minister Nirmala Sitharaman declared the government’s intention to instigate forward-looking reforms aimed at propelling the nation’s growth. She expressed the…
View More Interim Budget envisions ‘Viksit Bharat’, ‘golden moments’ in 5 years
NEW DELHI: In the 2024-25 interim Budget announcement, Union Finance Minister Nirmala Sitharaman confirmed the preservation of current taxation structures, including direct and indirect tax…
View More Interim Budget 2024-25: Sitharaman maintains tax rates, introduces slight relief measures
The 2024 interim budget presentation uncovered a comprehensive array of transformative initiatives designed to fortify diverse sectors of the economy and tackle urgent societal issues.
View More Budget 2024: Key highlights from Nirmala Sitharaman’s speech